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Genasys Inc. Director's Dealing 2004

May 21, 2004

34184_dirs_2004-05-21_0788d33d-7a5a-4f78-a783-696adc905044.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN TECHNOLOGY CORP /DE/ (ATCO)
CIK: 0000924383
Period of Report: 2004-05-20

Reporting Person: EHLERS BRUCE (Sr. VP of Engineering)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-05-20 ISO Stock Option $6.88 A 25000 Acquired 2009-05-20 Common Stock (25000) Direct

Footnotes

F1: Options vest as to 1/4 of total after one year and 1/16 of total each quarter thereafter over 4 year vesting term subject to the terms of the 2002 Stock Option Plan.